712 W Main StLake CityIA51449
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 712 W Main St, Lake City, IA, 51449 in Lake City. At $125,000 it earns $1,228/mo in rent and distributes $416/mo to the owner after the $562/mo payment, a consistent 11.78% yield. DSCR 2.19 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $34,535 in value; $1,151/yr in principal paydown compounds ownership stake. Total projected return: $74,347.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.8% | 6.2% |
| Monthly Cash Flow | $416 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,228 |
| Total Monthly Debt Service | $762 |
| DSCR Ratio | 1.61x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51449, Lake City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 672 (68.6%) |
| Renter Occupied HU | 204 (20.8%) |
| Vacant Housing Units | 104 (10.6%) |
| Median Home Value | $179,310 |
| Average Home Value | $226,577 |
Housing Distribution
Address Breakdown
Residential
878
Single Family
842
Multi-Family
36
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 51449, Lake City, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 980 (100%) |
| Owner Occupied HU | 672 (68.6%) |
| Renter Occupied HU | 204 (20.8%) |
| Vacant Housing Units | 104 (10.6%) |
| Median Home Value | $179,310 |
| Average Home Value | $226,577 |
Housing Distribution
Address Breakdown
Residential
878
Single Family
842
Multi-Family
36
Businesses
92
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
